Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a report released on Saturday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Up 3.0 %

AAME opened at $1.72 on Friday. Atlantic American has a 12 month low of $1.49 and a 12 month high of $3.00. The company has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.93. The stock has a market cap of $35.09 million, a P/E ratio of -34.39 and a beta of 0.44.

Atlantic American (NASDAQ:AAME) last announced its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. The company had revenue of $47.67 million during the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Independent Advisor Alliance acquired a new position in shares of Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned about 0.06% of Atlantic American at the end of the most recent reporting period. 5.48% of the stock is owned by institutional investors.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.